Visteon Announces New Executive Vice President and CFO



VAN BUREN TOWNSHIP — Visteon Corp. today announced that Jeffrey M. Stafeil is joining the global automotive supplier and will serve as executive vice president and chief financial officer. Stafeil, who will become CFO on Nov. 2, joins Visteon from DURA Automotive Systems, where he had been chief executive officer since October 2010, after serving as executive vice president and CFO since 2008.

Stafeil, 42, has extensive operational leadership and financial management experience, primarily with automotive suppliers, private equity firms and business consultants. He will lead all of the financial activities of Visteon, including treasury, tax, audit and investor relations. He also will oversee mergers, acquisitions and divestitures; global business services; information technology; and communications.

Michael J. Widgren, who has served as Visteon's interim CFO since Oct. 3, continues with the company as vice president, corporate controller and chief accounting officer, reporting to Stafeil.

"We are extremely pleased to have an experienced leader of Jeff's caliber joining Visteon to lead our global financial activities," said Visteon President and CEO Timothy D. Leuliette, who also thanked Widgren for his interim CFO leadership. "Having worked with Jeff in the past, I know he brings tremendous financial knowledge and strategic industry insight, a global perspective and strong leadership skills that will serve the company well as we implement our value-creating action plan."

Prior to joining DURA, Stafeil was CFO and a member of the board at the Klockner Pentaplast Group, a leading industrial company based in Germany. From 2009-2012, he served on the board of directors and was audit committee chairman of J.L. French Automotive Castings Inc. From 2006-2009, he served on the board of directors and was co-chairman of the audit committee for Meridian Automotive Systems. From 2001-2007, he was executive vice president and CFO at automotive supplier Metaldyne Corp. He has also served in management positions at Booz Allen and Hamilton, Peterson Consulting and Ernst and Young.

Stafeil has an MBA from the Fuqua School of Business at Duke University, and a bachelor's degree in accounting from Indiana University.  

Most Popular

  1. Exclusive: Downtown Royal Oak Draws Four Restaurants, Including B Spot Burgers
    Four new restaurants are coming to downtown Royal Oak, including a B Spot Burgers by Iron Chef...
  2. Hat Trick
    Three stadiums north of downtown Detroit, including a new $450-million arena for the Detroit Red...
  3. It’s Your Party, Detroit: Area Organizations Celebrate the City’s 313th
    Thursday marks the 313th anniversary of Detroit’s founding by the French explorer Antoine de la...
  4. Midtown and Northwest Detroit Draw New Apartments, Businesses, Expansions
    Business is booming in Midtown and northwest Detroit, where several stores and restaurants are...
  5. ‘Hell’s Kitchen’ Heads to Southfield for First-Ever Michigan Casting Call
    The Great Lakes Culinary Center in Southfield may be best known for its cooking classes,...
  6. GM’s Mary Barra: Connectivity of Cars Will Save Lives, Protect Environment
    General Motors CEO Mary Barra will discuss changes in the transportation environment, as well as...